CAclubindia News

ICAI Board Okays AS-32

02 May 2008 at 16:23

ICAI BOARD OKAYS AS-32 The ICAI’s Accounting Standards Board (ASB) has cleared the proposed accounting standard on disclosure of ‘financial instruments’ (AS-32). This standard would now be considered for final approval by

Posted in Accounts | 5883 Views

CLARIFICATION ON TDS ON SERVICE TAX ON RENT U/S 194 -I

02 May 2008 at 14:35

Clarification on deduction of tax at source (TDS) on service tax component on rental income under section 194-I of the Income-tax ActCIRCULAR NO. 4/2008, DATED 28-4-2008 Representations/letters have been received in the Board seeking clarificati

Posted in Income Tax | 2 comments | 10485 Views

No change in exam schedule

02 May 2008 at 14:35

ICAI - Announcement No Change in Examination Schedule of Ma

Posted in Students | 1 comments | 6522 Views

Ammendment - Sec 40(a) (ia)

01 May 2008 at 17:36

Sec 40 (a) (ia) ammendment retrospectively to allow deduction of expenses in case TDS of Mar month not paid in time but paid before due date of return

Posted in Income Tax | 6 comments | 16398 Views

Chaotic tax axe on builders

30 April 2008 at 01:01

Author : Monish Bhalla/DNA-Daily News & Analysis We are a real estate development firm which engages a contractor to construct residential societies. Prospective buyers pay us a booking advance on these residential units. Are we liable to pay servic

Posted in Service Tax | 2 comments | 9699 Views

RBI issues norms regarding recovery agents

29 April 2008 at 09:05

In view of the rise in the number of disputes and litigations against banks for engaging recovery agents in the recent past, it is felt that the adverse publicity would result in serious reputational risk for the banking sector as a whole.

Posted in Others | 6147 Views

Stamp duty payment to be made online

29 April 2008 at 08:53

Stamp duty payment to be made onlineThe government is all set to instigate a centralized electronic stamp duty payment and online vetting of charter of new companies, irrespective of the states where they are set up. Entrepreneurs will soon be

Posted in Others | 8091 Views

Tax tribunal's ruling may open floodgates of claims : Sec 80(I)A

25 April 2008 at 10:10

Tax tribunal's ruling may open floodgates of claims from contractors supplying to infrastructure projects Author : Renni Abraham/DNA-Daily News & AnalysisContent : In a precedent-setting ruling, the Income Tax Appellate Tribunal (ITAT) has allowed AB

Posted in Income Tax | 1 comments | 5745 Views

ICAI to increase audited report cross checks

22 April 2008 at 11:10

11-member team to steer peer review of CA audits Author : Joel Rebello/DNA-Daily News & AnalysisIndian companies hit by forex derivative losses may be in for greater scrutiny from auditors in their balance sheet of 2008-09.The Institute of Chartered

Posted in Audit | 1 comments | 11058 Views

E-FILING OF INCOME TAX RETURN FOR AY 2008-09

21 April 2008 at 21:53

Dear friends,e-filing of Income tax return for Assessment Year 2008-09 has been been started.Intially it has been started for three forms .All the three Return preparation Utilities (RPU)software are excel based.you can use them as efiling so

Posted in Income Tax | 26139 Views